Columbus, Ohio-based Red Mortgage Capital boosted by 40 percent the volume of FHA loans it closed during the most recent fiscal year of the U.S. Department of Housing and Urban Development.
For the fiscal year ending Sept. 30, Red Mortgage Capital closed more FHA loans in both volume and number than any other lender.
Red Mortgage Capital provided 183 loans worth $1.66 billion during HUD’s fiscal year.
This number represents an increase of 40 percent in volume from the previous fiscal year. That year, Red funded $1.2 billion on more than 100 loans.
